Visteon Corp (VC) Receives Consensus Rating of “Buy” from Analysts

Shares of Visteon Corp (NYSE:VC) have been assigned an average rating of “Buy” from the twenty-one research firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and eleven have given a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $133.56.

Several research firms have issued reports on VC. TheStreet lowered shares of Visteon from a “b-” rating to a “c” rating in a report on Thursday, October 25th. Guggenheim set a $140.00 price objective on shares of Visteon and gave the stock a “buy” rating in a research report on Friday, July 27th. Barclays reaffirmed a “hold” rating and set a $104.00 price objective on shares of Visteon in a research report on Sunday, July 29th. Citigroup reduced their price objective on shares of Visteon from $126.00 to $115.00 and set a “neutral” rating for the company in a research report on Monday, July 30th. Finally, Cowen reaffirmed a “buy” rating and set a $150.00 price objective on shares of Visteon in a research report on Friday, July 27th.

Visteon stock traded down $3.38 during mid-day trading on Monday, hitting $79.20. 531,500 shares of the stock were exchanged, compared to its average volume of 502,509. Visteon has a 12 month low of $67.27 and a 12 month high of $140.64.

Visteon (NYSE:VC) last released its quarterly earnings results on Thursday, October 25th. The auto parts company reported $1.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.15 by ($0.03). The business had revenue of $681.00 million for the quarter, compared to analysts’ expectations of $727.48 million.

In related news, insider Robert R. Vallance sold 850 shares of Visteon stock in a transaction on Tuesday, August 28th. The shares were sold at an average price of $116.85, for a total value of $99,322.50. Following the completion of the sale, the insider now owns 4,414 shares of the company’s stock, valued at approximately $515,775.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Harry James Wilson purchased 5,000 shares of Visteon stock in a transaction that occurred on Wednesday, October 31st. The stock was acquired at an average cost of $76.95 per share, with a total value of $384,750.00. Following the transaction, the director now owns 2,000 shares in the company, valued at approximately $153,900. The disclosure for this purchase can be found here. Company insiders own 0.19% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Tygh Capital Management Inc. boosted its holdings in Visteon by 0.8% during the 2nd quarter. Tygh Capital Management Inc. now owns 54,927 shares of the auto parts company’s stock worth $7,099,000 after acquiring an additional 421 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its holdings in Visteon by 18.4% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,716 shares of the auto parts company’s stock worth $300,000 after acquiring an additional 422 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in Visteon by 37.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,960 shares of the auto parts company’s stock worth $252,000 after acquiring an additional 531 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in Visteon by 27.6% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 2,463 shares of the auto parts company’s stock worth $318,000 after acquiring an additional 532 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC boosted its holdings in Visteon by 92.9% during the 2nd quarter. Moneta Group Investment Advisors LLC now owns 1,640 shares of the auto parts company’s stock worth $212,000 after acquiring an additional 790 shares during the last quarter.

About Visteon

Visteon Corporation is a global automotive supplier that designs, engineers and manufactures electronics products for original equipment vehicle manufacturer (OEM), including Ford, Mazda, Nissan/Renault, General Motors, Honda BMW and Daimler. The Company operates through Electronics segment. The Electronics segment provides vehicle cockpit electronics products to customers, including instrument clusters, information displays, infotainment, audio systems, telematics solutions and head up displays.

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Analyst Recommendations for Visteon (NYSE:VC)

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